Kōrero: International economic relations

The Bank of England (left), under its governor Montagu Norman, remained an important centre of international finance in 1930, though less securely so than before the First World War, and already buffeted by the economic blizzard of the early 1930s. One way Norman sought to maintain its influence was by fostering the establishment of central banks in newly established European countries and in the empire. A Bank of England official, Otto Niemeyer, visited Australia and New Zealand to this end in 1930.